About 50% of those who enroll in PhD programs drop out, and many linger for 8,9, 10 years before achieving their degree. According to this article, some exemplary private colleges like Princeton are using better funding and more support from fellow students and professors to get folks out the door in 6 years instead. Other colleges, of course, are loading their students down with teaching loads and stingy stipends, using them as cheap academic labor.
Caveat scholar!
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I am graduating from Princeton soon with my PhD. The first year fellowship definitely helped a lot. It allowed me to focus solely on my studies.
Only a few selective private schools like Harvard and Princeton can afford to do this.
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